Ooma Inc (OOMA) Shares Sold by Boston Partners
Boston Partners cut its position in shares of Ooma Inc (NYSE:OOMA) by 19.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 763,930 shares of the technology company’s stock after selling 183,610 shares during the period. Boston Partners’ holdings in Ooma were worth $9,129,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in OOMA. Wolverine Trading LLC bought a new position in Ooma during the third quarter valued at approximately $115,000. Rhumbline Advisers bought a new position in Ooma during the second quarter valued at approximately $128,000. New York State Common Retirement Fund bought a new position in Ooma during the second quarter valued at approximately $144,000. Cubist Systematic Strategies LLC bought a new position in Ooma during the second quarter valued at approximately $186,000. Finally, Parametric Portfolio Associates LLC boosted its stake in Ooma by 94.2% during the second quarter. Parametric Portfolio Associates LLC now owns 24,092 shares of the technology company’s stock valued at $193,000 after buying an additional 11,686 shares during the last quarter. 72.34% of the stock is owned by institutional investors.
A number of equities analysts recently commented on the company. ValuEngine lowered Ooma from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Northland Securities reissued a “buy” rating and set a $13.00 price target on shares of Ooma in a research note on Friday, December 1st. Finally, B. Riley reissued a “buy” rating and set a $13.00 price target on shares of Ooma in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Ooma currently has a consensus rating of “Hold” and an average price target of $12.67.
Ooma Inc (NYSE:OOMA) opened at $10.50 on Friday. Ooma Inc has a one year low of $7.30 and a one year high of $12.75. The company has a market capitalization of $196.51, a P/E ratio of -14.58 and a beta of 0.99.
Ooma (NYSE:OOMA) last announced its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $28.50 million during the quarter, compared to analyst estimates of $28.04 million. Ooma had a negative return on equity of 32.29% and a negative net margin of 11.65%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.02) earnings per share. equities analysts anticipate that Ooma Inc will post -0.7 EPS for the current fiscal year.
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Ooma Company Profile
Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.
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